Gold and copper on hold

Special properties make gold and copper valuable. Gold as a safe haven should not lose its appeal in these uncertain times. Copper is indispensable for climate change. The ambitious targets for the expansion of renewable energies worldwide will fuel copper demand. An electric car, for example, contains four times as much copper as a conventional vehicle. According to Goldman Sachs, copper could reach a new all-time high in the current year, so copper deserves special attention. The current slump in weakness thus creates the perfect conditions for potential long-term gains in this sector. Electromobility, wind and solar energy are increasingly in the spotlight, especially among EU countries, in view of the Ukraine crisis and the recognized fatal dependencies. For far too long, too little investment has been made in copper. And advancing electrification calls for the reddish metal. In order to avoid a supply deficit in the coming years, more than 100 billion US dollars would have to be invested worldwide in the development of copper mines, according to calculations. Otherwise, there is a risk of an annual supply deficit of 4.7 million tons of copper per year by 2030.

Gold is also used for modern technologies, but its main field of application is for jewelry and to serve as an investment vehicle. Investors appreciate the stability of the value of gold. A breakout of a price nature seems to be only a matter of time. After all, high inflation and uncertainties about how the economy and politics will fare this year should draw investors even more into gold as a safe haven. The price waiting position that now prevails should be used. Therefore, a look at companies that have gold and copper in their projects, such as Golden Rim Resources or Torq Resources.

Golden Rim Resources – https://www.youtube.com/watch?v=srU4o-uP8oY – is developing advanced gold projects in West Africa, focusing on its flagship project, the highly prospective 930,000-ounce Kada gold project in Guinea, and the 2,000,000-ounce Kouri gold project in Burkina Faso.

Torq Resources – https://www.youtube.com/watch?v=utFonP8-xsk – has three projects in Chile containing gold and copper. Among them is the prospective Margarita copper-gold project.

Current corporate information and press releases from Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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